If the ratio between the exemption for veterans granted under § 458 of the Real Property Tax Law and the total assessed value of the real property for which such exemption has been granted increases or decreases due only to a full-value assessment in the Village of Williamsville, the amount of the exemption heretofore or hereafter granted shall be increased or decreased in the same proportion as the total assessed value is increased or decreased.
[Adopted 10-28-1985 by L.L No. 5-1985]
The exemption granted pursuant to this article shall be granted to real property for which an exemption has been granted pursuant to § 458 of the Real Property Tax Law on the assessment roll immediately preceding the change in level of assessment, provided that property is owned by the veteran or by another person eligible to receive such exemption.
The adjustment provided for in § 97-5 shall be made by the Assessor in the manner provided in Paragraph 3 of Subdivision 1 of § 458 of the Real Property Tax Law. No application therefor need be filed by or on behalf of any owner of any eligible property.